MICR Code: 700024116
| Bank: Punjab National Bank |
| IFSC Code: Punb0588900 |
| MICR Code: 700024116 |
| Address: 206/1, Ns Road, Ward No 11, Joynagar Dist- South 24 Parganas West Bengal 743337 |
| City: South 24 Parganas |
| District: Jaynagar Majilpur |
| State: West Bengal |
MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.
Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.
Let's decode MICR code 700024116.
- In this case first three codes 700 is city code and it represents city South 24 Parganas.
- Next three characters 024 represents bank Punjab National Bank.
- Remaining characters which are 116 represents branch. In our case branch is located at address 206/1, Ns Road, Ward No 11, Joynagar Dist- South 24 Parganas West Bengal 743337.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.